Hi ALL..
Was reading how of late property has risen approximately 5 fold over the last 20 years, however wages have only risen 2 1/2 times the average, over the same period…
Rents have also not increased dramaticaly, therefore the ‘renting’ over ‘buying’ argument becomes much better for the renting proponents..
PS– Make sure your Insurance is up to date.. there was a story in Perth WA a while back, where a young couple stored a BBQ gas Bottle in thier rental property – it leaked, and i guess achieved the ‘right’ mixture – result *fireball* and house destroyed ! Luckily the owner had the rental IP insured ! I think back to those Bushfire properties that were destroyed and ‘not’ insured..Be safe!!
REDWING[medieval]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThat reminds me of a sausage roll eposode.
I was alerted by this faint sound the other day, i didn’t know what it was. i left it for a while, then it got strange in my head, i thought to myself i wander what that is.I walked outside to try to discover where the sound was coming from. As i got closer it got stronger, i ran into the property and broke in thru the window (had been left open). The room was full of smoke and the alarm was going full bore. The sausage rolls this guy was cooking were cooked!!!
It was all ready to go up in fire. The guy was at his niebours only next door.
So it can easily happen, pay to keep your fire alarms up to date. it worked in this case. Don’t know what would have happened if they werent thier, i curtainly wouldn’t of got up if the alarm or some strange noise didnt ring! This guy had slipped sausage rolls in the open griller and walked away and left em.
About the economy…it makes you wander where it’s heading.
Hi Jaffa,
You said, “About the economy…it makes you wander where it’s heading.”
The very same question has been pondered for many years and for the last 40 years there has always been a reason to not buy property.
I recommend you have a quick glance at Chapter 8 in Jan SOmers Book – Story by Story – take particular note of Fred Johnson’s story – a guy who has been investing since 1954 and all the reasons people trotted out about not investing in property.
If you don’t have the book I can email you the story (one page long) if you wish.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Originally posted by Jaffasoft:About the economy…it makes you wander where it’s heading.
The economy is a roller coaster, it goes up, it goes down…
Experienced investors sell the tickets, they don’t buy into the ride.
Cheers,
Aceyducey
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